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    1 221St Ave Oak Grove, MN 55011
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    1 221St Ave Oak Grove, MN 55011

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    • Land
    • 26.28 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1 221St Ave

    Lot size
    26.28 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 26.28-acre parcel presents a unique investment opportunity in East Bethel, Minnesota. Strategically located just off Highway 65, this property boasts convenient access to major transportation routes, enhancing its appeal for a wide range of commercial and industrial uses. Currently zoned industrial, the land offers significant flexibility for developers seeking to establish a new business or expand existing operations. The expansive acreage provides ample space for various projects, from warehousing and distribution centers to light manufacturing facilities or other commercial ventures. The property's address is 1 221st Ave NE, East Bethel, MN 55011, within Anoka County. Its location in Oak Grove offers a blend of accessibility and a desirable setting. The asking price for this substantial land holding is $300,000. While this listing focuses on the 26.28 acres, it's important to note that additional land may be available for acquisition, presenting an opportunity to secure a larger footprint for ambitious projects. This property is ideally suited for businesses seeking a strategic location with excellent transportation links and the potential for significant growth. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oak Grove
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2655
    Latitude
    45.3706

    Comparable in this City

    • Value Estimation by Request
      21.50 Acres

      1x Highway 65

      Land • 21.50 Acres
      1x Highway 65, Oak Grove, MN 55011
      View Details
    • Value Estimation by Request
      4.12 Acres

      185th And Hwy

      Land • 4.12 Acres
      185th And Hwy, East Bethel, MN 55011
      View Details
    • Value Estimation
      $1,275,000
      10,200 SF

      18447 Hwy 65th NE

      COMMERCIAL (GENERAL) • 10,200 SF
      18447 Hwy 65th NE, East Bethel, MN 55011-9837
      View Details
    • Value Estimation
      $2,010,000
      9,733 SF

      18765 Ulysses St

      COMMERCIAL (GENERAL) • 9,733 SF
      18765 Ulysses St, East Bethel, MN 55011
      View Details
    • Value Estimation
      $2,245,000
      14,580 SF

      19801 Hwy 65th NE

      COMMERCIAL (GENERAL) • 14,580 SF
      19801 Hwy 65th NE, East Bethel, MN 55011-9403
      View Details
    • Value Estimation
      $580,000
      3,141 SF

      20520 Polk NE St

      COMMERCIAL (GENERAL) • 3,141 SF
      20520 Polk NE St, East Bethel, MN 55011-9413
      View Details

    Similar Nearby for Sale

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      Land Available in East Bethel

      Land for sale in East Bethel, Minnesota.
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      Oak Grove Wooded Acreage Lot

      Private 2.5-acre wooded lot with no builder restrictions.
      19062 Heather St NW, Oak Grove, MN 55011
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      Highway Commercial Land Available

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      East Bethel Land Opportunity

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    Similar Nearby for Lease

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      6,400 SF

      Oak Grove Warehouse Space Available

      6,400 SF warehouse space with loading dock and parking.
      840 Viking Blvd NW, Oak Grove, MN 55011
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    • Contact for pricing
      15,256 SF

      New Construction Industrial/Warehouse Space

      New construction industrial/warehouse space available for pre-leasing.
      18750 Ulysses St NE, East Bethel, MN 55011
      View Details
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    1 221St Ave
    Oak Grove, MN 55011
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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